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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: RADAR ))) who wrote (6805)10/30/1997 11:31:00 PM
From: Amigo Mike  Read Replies (2) | Respond to of 79296
 
RADAR,

CHAT needs some attention. I found an analyst estimate of .16 earnings for FY98. Judging from the press release the other day, CHAT is telling us that revenues are going to be UP strong !!! The forward PE is only 9.

With large revenue increases expected, a forward PE of 9 is rediculous. IMO, CHAT technicals are coiled from oversold conditions so all we need is a calm market and I think CHAT can take flight to .... above $3.

Mike